General Insurance Corporation of India has informed the Exchange about change in Management
GICRE · price
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The Board of Directors accepted the resignation of Mr. V. Balkrishna from the post of Chief Financial Officer (CFO) and Key Managerial Person due to his retirement under the Voluntary Retirement Scheme. Mr. Rajesh Laheri, currently Deputy General Manager, has been appointed as the new CFO and KMP effective from the date of taking charge. Mr. Laheri is a long-serving employee who joined GIC Re in April 1998 and is a member of all three premier accounting bodies (ICAI, ICSI, ICWAI). He currently handles the General Accounts and Taxation Department and has prior experience from the London branch.
The CFO change is due to voluntary retirement rather than performance concerns. The appointment of an internal candidate with over 27 years of experience suggests operational continuity, though formal appointment details are pending.